Arrowhead Announces CFO Transition.PASADENA, Calif. -- Arrowhead arrowhead, any plant of the genus Sagittaria, widely distributed marsh or aquatic herbs of the primitive family Alismataceae (water-plantain family). The name derives from the arrowhead-shaped leaves of many species. Research Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ARWR) today announced that Paul McDonnel, the Company's Chief Financial Officer, intends to resign as the Company's Chief Financial Officer in order pursue another opportunity out of the state. Mr. McDonnel has agreed to serve as Chief Financial Officer of the Company at least until August 10, 2009 in order to assist with the Company's next quarterly report and the quarterly earnings conference call. On July 6, 2009, Joseph T. Kingsley, Arrowhead's former President and Chief Financial Officer, was named Vice President of Finance and Accounting and will assist the Company with executive and financial management until a permanent replacement is hired. "We thank Paul for his contributions to the company and are pleased that he will be staying on part time through our quarterly reporting cycle and as needed as needed prn. See prn order. as a consultant," said Dr. Christopher Dr. John R. Christopher, known popularly as "Dr. Christopher" was one of very few nationally prominent doctors of herbal medicine of the middle third of the 20th century, a "dark ages" of herbalism and was responsible for the herbal renaissance of the 1960s. Anzalone, Arrowhead's President and Chief Executive Officer. "During this transition, we are delighted to report that Mr. Kingsley will rejoin re·join 1 v. re·joined, re·join·ing, re·joins v.tr. To say in reply, especially in sharp response to a reply. v.intr. To reply. the Company. He has a long history with Arrowhead and we welcome his expertise." About Arrowhead Research Corporation Arrowhead Research Corporation (www.arrowheadresearch.com) (NASDAQ: ARWR) is a nanotechnology nanotechnology: see micromechanics. nanotechnology Manipulation of atoms, molecules, and materials to form structures on the scale of nanometres (billionths of a metre). company commercializing new technologies in the areas of life sciences, electronics, and energy. Arrowhead is seeking to build value for shareholders through the progress of majority owned subsidiaries. Currently, Arrowhead has four subsidiaries commercializing nanotech products and applications and minority investments in two privately held nanobiotech companies. |
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